
Automotive Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Automotive Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global automotive lighting market size reached US$ 30.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
Automotive lighting refers to all the light-emitting devices installed in automobiles, which include headlights, taillights, daytime running lights, fog lights, signal lights, brake lights, hazard lights, and driving lamps. They help illuminate different lanes and recognize roads, obstacles, and traffic signs to offer a safe driving experience. They add aesthetics to the interior and exterior parts of the vehicle while increasing its visibility on the road. At present, there is a rise in the integration of light-emitting diode (LED) lights in vehicles as they consume less power, have a longer life, and offer durability and strength as compared to halogen and high-intensity discharge (HID) lights.
Automotive Lighting Market Trends:
The growing awareness among the masses about road safety measures represents one of the key factors driving the market across the globe. Moreover, there is an increase in the utilization of new lighting technologies, such as smart LEDs, micro-LEDs, smart functional surfaces, laser-based lighting, guiding materials for 3D light patterns, and area backlighting with hidden-until-lit effects. This, along with the escalating demand for electric vehicles (EVs) due to the increasing air pollution worldwide and consequently rising environmental consciousness among individuals, is propelling the growth of the market. In addition, the wide availability of commercial vehicles through online stores and the expanding e-commerce industry is positively influencing the market. Besides this, governments of several countries are undertaking initiatives to promote the use of lighting systems in vehicles. Additionally, technological advancements in the automotive sector are offering lucrative growth opportunities to end-users and industry investors. Furthermore, key market players are extensively investing in research and development (R&D) activities to improve safety technologies. These players are also focusing on partnerships, which are projected to increase their overall sales and profitability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, vehicle type, sales channel and application.
Breakup by Technology:
Halogen
Xenon/HID
LED
Breakup by Vehicle Type:
Passenger Vehicle
Commercial Vehicle
Breakup by Sales Channel:
Original Equipment Manufacturers
Aftermarket
Breakup by Application:
Front Lighting/Headlamps
Rear Lighting
Side Lighting
Interior Lighting
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Continental AG, General Electric Company, HELLA GmbH & Co. KGaA, Hyundai Mobis, Koito Manufacturing Co. Ltd., Koninklijke Philips N.V., LG Electronics Inc., Lumax Industries Limited, Magneti Marelli S.p.A., Osram Licht AG (ams AG), Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Electric Co. Ltd. and Valeo.
Key Questions Answered in This Report:
What was the size of the global automotive lighting market in 2022?
What is the expected growth rate of the global automotive lighting market during 2023-2028?
What has been the impact of COVID-19 on the global automotive lighting market?
What are the key factors driving the global automotive lighting market?
What is the breakup of the global automotive lighting market based on the technology?
What is the breakup of the global automotive lighting market based on the vehicle type?
What is the breakup of the global automotive lighting market based on sales channel?
What is the breakup of the global automotive lighting market based on the application?
What are the key regions in the global automotive lighting market?
Who are the key players/companies in the global automotive lighting market?
Table of Contents
144 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Automotive Lighting Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Technology
- 6.1 Halogen
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Xenon/HID
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 LED
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Vehicle Type
- 7.1 Passenger Vehicle
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial Vehicle
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Sales Channel
- 8.1 Original Equipment Manufacturers
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aftermarket
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by Application
- 9.1 Front Lighting/Headlamps
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Rear Lighting
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Side Lighting
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Interior Lighting
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Continental AG
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 General Electric Company
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 HELLA GmbH & Co. KGaA
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 Hyundai Mobis
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 Koito Manufacturing Co. Ltd.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 Koninklijke Philips N.V.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 LG Electronics Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Lumax Industries Limited
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 Magneti Marelli S.p.A.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Osram Licht AG (ams AG)
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.11 Robert Bosch GmbH
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 SWOT Analysis
- 15.3.12 Samsung Electronics Co. Ltd.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.13 Stanley Electric Co. Ltd.
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.14 Valeo
- 15.3.14.1 Company Overview
- 15.3.14.2 Product Portfolio
- 15.3.14.3 Financials
- 15.3.14.4 SWOT Analysis
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.